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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (50021)2/12/2013 5:08:38 PM
From: maceng2  Read Replies (1) of 71474
 
We are beginning to find out who the scamsters and fraudsters are.

JP Morgan, the Wall Street bank, and Highbridge, a hedge fund manager it controls, now own two-thirds of Findus between them.

news.sky.com

other remarks..

"We were notified by the chairman of the company as a shareholder on Wednesday February 6 and the information passed was that there was a labelling issue on some Findus beef products," he said.

"Later that afternoon it was disclosed that the labelling issue was in fact horsemeat. I found out the following day."

Mr Lea, a prominent investor in British companies and a former owner of Wagamama, the restaurant chain, and Weetabix, the breakfast cereal, questioned Findus's approach to the crisis.

"Within hours [of finding out] I sent an email to the chairman stating that Findus needed to step forward and accept responsibility, apologise to the consumer, restore trust in the brand and be very visible in managing this crisis," he said.

"Findus took advice from its public relations adviser, Burson Marsteller, who gave exactly the opposite advice and felt that this was an industry issue and not a Findus issue."

Mr Lea's suggested approach was the correct one imho. I will never buy a Findus product as things stand. I buy most of my food from Lidl's. The quality is often noticably better from the crapola in British based supermarkets.
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